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This paper aims to contribute to the literature on the intellectual history of the economics discipline by delving into the history of the the sawtooth wages model, namely: the behavior of periodically-adjusted fixed nominal wages under persistent inflationary conditions. Ranging from the...
Persistent link: https://www.econbiz.de/10012868374
The paper aims at outlining such conceptual change with a brief account of pre-Real Plan stances on inflationary inertia and contrasts them against the general opinion on the matter in more recent times. The literature has been largely silent about the conceptual gap between the stabilization...
Persistent link: https://www.econbiz.de/10012925937
This paper aims to contribute to the literature on the intellectual history of the economics discipline in Brazil and its p, in the early 1980s lace within the network of international transmission of economic ideas, by delving into the history of the Kaldor-Pazos-Simonsen mechanism, namely: the...
Persistent link: https://www.econbiz.de/10012925938
The paper focuses some of the non-monetary structural causes of inflationary persistence in Brazil in the post-Real plan period. A connection is made between the de-industrializing trend and the emergence of primary pressures that set a floor to inflation levels. The framework is set up in terms...
Persistent link: https://www.econbiz.de/10013045745